Third-Party Custodians FAQ
important
This document was last updated on 05/19/2025.
Who is this for?
Target Audience:
- Centralized exchanges and custodians integrating with Pocket Network
- Anyone responsible for $POKT custody, integration, or liquidity management
- Technical and operational teams preparing for the Morse → Shannon migration
Table of Contents
- Terminology
- Background and Action Items for Exchanges
- What IS NOT Changing?
- What IS Changing?
- Actions Exchanges Must Take (Pre-Migration)
- Timeline
- Communication
Terminology
| Term | Meaning |
|---|---|
| Morse | Current version of Pocket Network your exchange is integrated with |
| Shannon | Upcoming version of Pocket Network (will replace Morse) |
| Foundation | Pocket Network Foundation (operational migration lead) |
| Grove | Official labs team (technical migration lead) |
Background and Action Items for Exchanges
Pocket Network will hard-fork from Morse MainNet to Shannon MainNet on June 3, 2025 at 10 a.m. PDT. This is consensus-breaking, non-backwards-compatible upgrade. Activities for June 3, 2025 can be found here.
Exchanges must:
- Update their integrations to the new version (hard fork).
- Maintain a full-node to the new network OR use a Foundation-vendored RPC endpoint.
- Claim current
$POKTtoken liquidity on the new network.
What IS NOT Changing?
| Category | Details |
|---|---|
| Network Name | Pocket Network |
| Chain Ticker | $POKT |
| Liquidity & State | - Snapshot of Morse state during a 14-day migration window - 1:1 migration to Shannon |
| Tokenomics | - Mint = Burn model launched April 2025 - Weekly manual burning (track at pokt.money) - After migration, burning will occur in real time |
What IS Changing?
Accounts/Wallets
- The Shannon upgrade uses the Cosmos Cryptographic Key Scheme.
- A new Cosmos-based wallet is required to claim tokens.
- Tokens will need to be claimed manually.
Token Minting on Morse
- $POKT token minting will stop within the same block that the snapshot is taken.
- Morse will stop functioning as there will be no incentives for validators.
Full Node Integration
- Integrate with new client:
- Full Node Cheatsheet
- or get a free Foundation-sponsored RPC endpoint from Grove
Actions Exchanges Must Take (Pre-Migration)
| Action | How-To / Links |
|---|---|
| Create New Wallet | - pocketd CLI tool - Keplr Wallet - Soothe Vault |
| Integrate Node | - Full Node Cheatsheet - or get a free Foundation-sponsored RPC endpoint from Grove |
| Claim Tokens | - CLI: pocketd CLI tool - UI: Website with offline signing support (Coming Soon) |
TODO(Grove): Coming Soon
- Pocket specific tutorial on using the Keplr wallet
- Pocket specific tutorial on using the Soothe wallet
- Pocket specific tutorial on using the Cosmos multisig wallets
- Tutorial for token claiming website for both online and offline use cases
- Video tutorial on claiming tokens
Have ideas for other improvements? Please open an issue here.
Timeline
14-Day Migration Window
Before Migration Window:
- Disable deposits/withdrawals until migration is complete.
- Integrate with the pocket client (see above).
- Notify the Foundation in the shared Telegram group when these actions have been taken.
After Migration:
- Claim the tokens on the new network (see above).
- Re-enable deposits/withdrawals.
- Notify the Foundation in the shared Telegram group when these actions have been taken.
Communication
- Each custodian should already have a Telegram group with Foundation & Grove personnel.
- For reference, these personnel are located in the US-East timezone, and may therefore have a delayed response time.
- Use your group to ask questions or update on progress.
Where to reach out?
Our assumption is that if you're reading this, you're already in touch with the Foundation team.
If not, please reach out to the community via discord at https://discord.gg/pocket-network.